Somewhat Positive Press Coverage Somewhat Unlikely to Impact Coty (COTY) Stock Price
News stories about Coty (NYSE:COTY) have trended somewhat positive on Thursday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Coty earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.2702914539045 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Coty Brand Sally Hansen Launches Shetopia; A Global Platform and Short Film Celebrating Self-Made Women (finance.yahoo.com)
- Coty Commences Long-Term Strategic Partnership with Burberry (enhancedonlinenews.com)
- Now That Saudi Women Can Drive, Uber Wants Them (bloomberg.com)
- Uber Saudi Arabia Wants to Hire Female Drivers After Ban Lifts (skift.com)
- 2 Crazy But True Buying Tips For Dividend-Paying Stocks (seekingalpha.com)
COTY has been the topic of several recent research reports. Zacks Investment Research lowered Coty from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. BidaskClub upgraded Coty from a “strong sell” rating to a “sell” rating in a report on Thursday, July 27th. KeyCorp restated a “hold” rating on shares of Coty in a report on Friday, August 25th. Royal Bank Of Canada restated a “hold” rating and set a $22.00 price objective on shares of Coty in a report on Thursday, June 8th. Finally, Morgan Stanley dropped their price objective on Coty from $22.00 to $19.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 23rd. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $20.04.
Coty (NYSE COTY) opened at 16.64 on Thursday. The company’s 50-day moving average price is $16.90 and its 200-day moving average price is $18.29. Coty has a 52 week low of $15.83 and a 52 week high of $25.34. The company’s market capitalization is $12.46 billion.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Friday, September 1st were issued a $0.125 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.00%. Coty’s payout ratio is presently -87.72%.
In other news, SVP Ayesha Zafar bought 21,570 shares of the stock in a transaction dated Wednesday, September 13th. The stock was bought at an average cost of $17.11 per share, with a total value of $369,062.70. Following the purchase, the senior vice president now owns 10,000 shares of the company’s stock, valued at $171,100. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Sylvie Moreau bought 48,153 shares of the stock in a transaction dated Thursday, August 24th. The stock was purchased at an average cost of $16.79 per share, with a total value of $808,488.87. Following the completion of the purchase, the insider now directly owns 97,035 shares in the company, valued at approximately $1,629,217.65. The disclosure for this purchase can be found here. Insiders have purchased a total of 2,979,505 shares of company stock valued at $48,661,242 over the last ninety days. Insiders own 1.00% of the company’s stock.
Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
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